In a testament to the vibrant British tech scene, Luno has emerged as the fastest-growing tech start-up in the UK. This accolade was awarded at the prestigious Tech5 competition, highlighting a remarkable achievement for the digital currency firm.
A Prestigious Honour
The Tech5 competition, co-hosted by TNW and Adyen, is a renowned event that identifies the fastest-growing tech companies within the UK. Luno’s victory signifies not just an individual success, but a burgeoning trend within the digital currency sector. Winning this competition places Luno at the forefront of technological innovation.
Luno’s Journey and Achievements
Founded in 2013, Luno has progressively positioned itself as a global leader in the cryptocurrency space. The firm has seen rapid expansion, now offering its services in over 40 countries, including Europe, Africa, and Southeast Asia. With a successful $9 million Series B funding round, Luno continues to drive forward its global ambitions. Its platform allows users to buy, store, and learn about cryptocurrencies like Bitcoin and Ethereum.
Recognition at the Tech5 Awards
The awards dinner at Adyen’s UK headquarters was not just about Luno. It celebrated the achievements of the top 10 growing tech firms in the UK. This competitive edge emphasises the dynamic and ever-evolving nature of the UK tech landscape. As Reshma Sohoni, the Tech5 ambassador, noted, it was truly an honour for Luno to stand among such impressive peers.
Quotations from Industry Leaders
Marcus Swanepoel, co-founder of Luno, expressed immense pride in his company’s achievement during the awards. “It really validates the potential of cryptocurrencies for consumers”, he stated. Such recognition from industry leaders underscores the transformative potential of Luno and similar firms.
Navigating the Global Stage
With this accolade, Luno is set to compete against national winners from countries such as Germany, The Netherlands, Spain, France, and Sweden. The final showdown will be part of the TNW Conference, a significant event in the European tech calendar. Luno’s participation highlights its ambition and capability on a global scale. Competing against Europe’s top tech firms further cements its status as an industry leader.
Past Tech5 alumni include successful enterprises like Transferwise and iZettle, showcasing the impact of this award on a company’s growth trajectory. These firms have collectively raised over €10 billion in funding, serving as an inspiration for up-and-coming tech companies.
Insights from Adyen
As Myles Dawson, UK country manager of Adyen, articulates, the UK’s rich history of innovation is epitomised by companies like Luno. “Congratulations to the team at Luno, it is a well-deserved win,” Dawon applauded. Adyen’s support highlights the collaborative spirit within the tech industry. Such partnerships are integral to the success of start-ups navigating early-stage challenges.
This mutual support within the tech world fosters growth, resilience, and innovation – key pillars for any successful start-up. Industry leaders like Adyen play a critical role in nurturing young companies.
Luno’s Future Prospects
Luno’s recognition as the fastest-growing tech company in the UK is just the beginning. With plans for further expansion and innovation, the company is poised to continue its upward trajectory. The future looks exceptionally bright for Luno as it seeks to reshape the landscape of digital currencies.
Luno’s triumph at the Tech5 competition exemplifies the strength and potential of the UK’s tech industry. Its success story serves as a beacon of inspiration, demonstrating the power of innovation and determination.
